Natixis Advisors LLC Has $21.57 Million Holdings in Permian Resources Co. (NYSE:PR)

Natixis Advisors LLC increased its position in shares of Permian Resources Co. (NYSE:PR - Free Report) by 29.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,499,643 shares of the company's stock after purchasing an additional 343,998 shares during the period. Natixis Advisors LLC owned approximately 0.19% of Permian Resources worth $21,565,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. grew its position in shares of Permian Resources by 73.6% during the 4th quarter. Principal Securities Inc. now owns 2,010 shares of the company's stock worth $29,000 after purchasing an additional 852 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Permian Resources in the fourth quarter valued at approximately $31,000. Global Retirement Partners LLC grew its position in Permian Resources by 98.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,484 shares of the company's stock worth $36,000 after buying an additional 1,232 shares in the last quarter. Rakuten Securities Inc. increased its stake in Permian Resources by 1,152.5% during the 4th quarter. Rakuten Securities Inc. now owns 2,505 shares of the company's stock worth $36,000 after acquiring an additional 2,305 shares during the period. Finally, Lindbrook Capital LLC raised its holdings in Permian Resources by 294.8% in the 4th quarter. Lindbrook Capital LLC now owns 2,886 shares of the company's stock valued at $42,000 after acquiring an additional 2,155 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

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Insider Transactions at Permian Resources

In other Permian Resources news, CAO Robert Regan Shannon sold 2,731 shares of Permian Resources stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $14.02, for a total transaction of $38,288.62. Following the transaction, the chief accounting officer now directly owns 58,668 shares of the company's stock, valued at approximately $822,525.36. The trade was a 4.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William J. Quinn purchased 500,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of $13.07 per share, with a total value of $6,535,000.00. Following the purchase, the director now owns 812,429 shares of the company's stock, valued at approximately $10,618,447.03. This trade represents a 160.04 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 18,446 shares of company stock worth $269,731. Insiders own 12.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PR shares. Piper Sandler reduced their target price on Permian Resources from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. Susquehanna upgraded shares of Permian Resources from a "neutral" rating to a "positive" rating and increased their price objective for the stock from $17.00 to $20.00 in a research note on Wednesday, March 5th. Truist Financial boosted their target price on shares of Permian Resources from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Morgan Stanley began coverage on shares of Permian Resources in a report on Friday, January 10th. They set an "overweight" rating and a $19.00 price target for the company. Finally, Williams Trading set a $19.00 price objective on shares of Permian Resources in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $19.35.

Permian Resources Price Performance

PR stock traded down $0.19 during midday trading on Friday, reaching $13.79. 10,209,633 shares of the stock were exchanged, compared to its average volume of 9,245,364. Permian Resources Co. has a 52 week low of $11.84 and a 52 week high of $18.28. The company has a fifty day moving average price of $14.33 and a 200 day moving average price of $14.33. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market capitalization of $11.08 billion, a PE ratio of 8.35, a P/E/G ratio of 4.05 and a beta of 4.30.

Permian Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Monday, March 17th. Permian Resources's dividend payout ratio (DPR) is currently 41.96%.

About Permian Resources

Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. The company's assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks in West Texas, Eddy County, Lea County, and New Mexico.